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Getting Started withFinancial AidHARDING UNIVERSITY
Paying for CollegeA Harding University education can change your life and help you changethe lives of others as you pursue your calling and vocation. We knowthat affordability is one of the biggest considerations — your financial aidbeing one of the most significant factors.Your admittance to Harding creates a financial partnership betweenHarding University, you as a student and your family. Harding offers avariety of assistance programs to help bridge the gap between the costof attendance and your family’s financial resources. By working togetherwith our professional staff, we want to help you fund and achieve youreducational goals.Financial AidIf you think you will need assistance to pay for educational expenses, werecommend that you apply for financial aid. While you and your familyhave the primary responsibility of paying for your education, federal, stateand Harding funded aid is available to help you pay college expenses. Theseexpenses include tuition, fees, room, board, books and supplies.The goal of the financial aid process is to arrive at a manageable balancebetween financial aid and out-of-pocket expense.Types of Aid Grants – Money that does not have to be repaid and is usuallybased on financial need Scholarships – Money that does not have to be repaid andusually is awarded on the basis of academic merit Loans – Money that is borrowed and must be repaidwith interest Work-Study – Money earned from an on-campus jobTo determine whether you are eligible for most financial aid, you mustcomplete the Free Application for Federal Student Aid (FAFSA). Visitstudentaid.gov to review the application and requirements and apply.TerminologyOne of the most important factors when selecting a college is whether theinstitution will meet your educational needs. Additionally, you and yourfamily must consider the cost to attend the school when deciding whereto enroll. It’s helpful to know some of the financial language you mightencounter while considering your options.Harding University
Cost of Attendance (COA)The federal government defines Cost of Attendance to include tuition,fees, housing, meal plan, books and supplies, personal expenses andtransportation. Financial aid can be awarded to cover all of these items.However, only tuition, fees, housing and meal plan are considered DirectCosts and billable by the school to your student account.Expected Family Contribution (EFC)Expected Family Contribution is an estimate of a student’s and parents’ability to pay the costs of a year of post-secondary education. The FreeApplication for Federal Student Aid (FAFSA) computes EFC using FAFSAinformation such as income, taxes paid, number in household, numberin college, assets, etc. The resulting EFC is an index number used todetermine eligibility for federal Pell Grant and other need based aid.Financial NeedFinancial need is the difference between Cost of Attendance and yourExpected Family Contribution. Cost of Attendance minus ExpectedFamily Contribution equals Financial Need. Harding funded needbased aid is calculated on the amount of remaining need after Cost ofAttendance minus Expected Family Contribution minus all other grantsand scholarships.Net Price CalculatorTo help determine the financial aid you may receive, a Net Price Calculatoris available on the Harding website. This tool calculates an estimatedfinancial aid award package along with an estimated cost of tuition andfees. The Net Price Calculator also helps compare costs at Harding to otherinstitutions to determine which colleges are most affordable for you. Visitharding.edu/finaid to access the Net Price Calculator.Financial Aid PackageYour financial aid package from Harding is based on your financial need.It may include various types of financial aid to help cover all or part ofyour college costs. If you have financial need, you may also be eligible forgrants, work-study and subsidized loans.Programs to Help Pay for Your EducationFederally Funded Aid ProgramsPell Grant – A need-based grant that can amount to several thousanddollars, and is based on FAFSA Expected Family Contribution (EFC).Getting Started with Financial Aid
Work Study – Part-time campus employment which pays minimumwage for hours worked.Direct Student Loan – Guaranteed loans in the student’s name,amounts vary by classification. Students may receive need-basedinterest subsidy.TEACH Grant/Loan – Program based on teaching (following degreecompletion) in an approved high-need field in a qualifying schoolsystem serving needy students.Parent PLUS Loan – A credit-based loan to a student’s parent,amount determined by the student’s Cost of Attendance.Tuition Payment PlanHarding offers a monthly installment payment plan to help familiesbudget tuition and fee expenses. For details about the program visitharding.edu/businessoffice.Harding Funded Scholarships and DiscountsDepending on need and academic performance, students may receive anAcademic Achievement Scholarship, a Bison Grant or both.Academic Achievement Scholarship – Merit-based and calculatedusing a combination of high school GPA and ACT/SAT score.Scholarship is renewable for four years (eight semesters), and rangesfrom 2,000 to 11,000 per year. Students must maintain full-timestatus of 12 hours or more and a GPA of 3.0 or better to remain eligible.Bison Grant – Need-based aid, renewable for four years (eightsemesters). Amount is based on EFC from your FAFSA each year,calculated as a percentage of remaining need after EFC and all othergrants and scholarships have been applied. Students must maintainfull-time status enrolled in 12 hours or more to remain eligible.You may be eligible for additional Harding funded aid or discounts. Visitharding.edu/scholarships to see what is available.Other ScholarshipsThere are thousands of private organizations that provide scholarshipassistance to college students. These scholarships are based on a varietyof factors. Visit harding.edu/scholarships. Also check for other fundingoptions through your high school guidance counselor.Harding University
Getting StartedIdeally Junior YearAdmitted Juniorsand SeniorsAdmitted SeniorsConnect with youradmissions counselorStay in contact with youradmissions counselorApply for admission andcomplete the admissionprocess to reserve your spot inyour freshman class at HardingOnce admitted, you will receivea notification of your studentaccount and email addressOctober: Complete the FAFSAon or after Oct. 1 studentaid.govUse Harding schoolcode: 001097Review harding.edu/finaidReview harding.edu/scholarships to identifyeligibility for scholarshipsand discountsUse the FAFSA estimator todetermine your approximateEFC using the FAFSA4CASTERat studentaid.gov Understand Aid EstimateYour Financial AidUse the Net Price Calculator toestimate your scholarships andfinancial aid harding.edu/NPCAttend a Harding visitday such as Bison Days,Black and Gold Day, orschedule a personal visitharding.edu/visitThe summer followingyour junior year, considerattending one of Harding’ssummer programs foracademics, leadership,music, athletics and others.You can get college creditand experience an extendedpreview of life at Harding.harding.edu/summerLogin to Pipeline, Harding’sstudent information portalpipeline.harding.eduResearch additionalscholarships: Talk to your school counselorabout local scholarships. Check with your church —some congregations providescholarships. Hardingmatches some churchscholarships up to 500Attend a Harding meet upfor admitted students in yourarea — you can meet some ofyour classmates and even find aroommate harding.edu/eventsOr, if a meet up is notconvenient, attend a visit dayor schedule an individual visiton campus harding.edu/visitIf you haven’t already, completeany outstanding steps in theGetting Started column at leftNovember: Receive initialfinancial aid award package.Awards will be updatedif FAFSA is received afterthe initial award is sent(NOTE: Need-based awardswill be made only if aFAFSA is submitted)Once award packet is received: Login to Pipeline Accept awards Set up Proxy Review payment optionsJanuary: Register for BisonBound summer orientationIdentify additionalfunding options Student loans Discounts Payment plans Parent loansMay/June: Graduatehigh school!June/July/August: AttendBison Bound orientation,register for classesAugust: Move in! AttendIMPACT for new studentsYour aid funds will be appliedto your student account onthe first day of classes.
Contact UsUndergraduate Financial AidBox 12282David Burks American Heritage Building915 E. Market Ave.Searcy, AR RDING.EDU/FINAID
and Harding funded aid is available to help you pay college expenses. These expenses include tuition, fees, room, board, books and supplies. The goal of the financial aid process is to arrive at a manageable balance between financial aid and out-of-pocket expense. Types of Aid Grants - Money that does not have to be repaid and is usually
